Types of Open Access
a) Depending upon Duration of Transactions :
I. SHORT TERM : contracts exceeding 1 month but less than 6 months.
II. MEDIUM TERM : contracts exceeding 3 months but less than 3 years.
III. LONG TERM : contracts exceeding 12 years but less than 25 years.
b) Depending upon the energy trading platform :
I. Collective (Through Exchanges) : Electricity can be purchased directly from the two energy exchanges in India through trading members of the Exchange. The two energy exchanges are IEX(Indian Energy Exchange) & the PXIL (Power Exchange of India Ltd.). This also permits collective buying & selling through the process of bidding.
II. Bilateral Contracts / OTC : In these transactions, Electricity can be directly purchased from specified power generators (CPPs, IPPs, MPPs) by a specified Buyer. The specific point of injection and point of drawal can be fixed mutually. Varying quantum of power (MW) can be taken for any time period during a month. To facilitate this, CERC has issued licenses to Power Traders to ensure smooth operations of these contracts.
Statutory Requirements for Trading Power :
1) Demand should be atleast 1000KVAH.
2) Connected to atleast 11KV line.
3) Should have .2S class CT/PT.
4) Should have .2S class ABT meter.
5) Consent from Discom/SLDC to trade power.